HotelDel DownTown Sunset

 

 

Alexandra 21st birthday  Greetings from Jennifer Ross -  Realtor

 

We threw a 21st birthday bash for my daughter Alexandra.  She decided the theme would be a Crazy Hat party catered by "Taco Man".  Her brother Eliot's band "The Verigolds" entertained and all was a huge success. Crown Point rocked until the music was shut down at 10:00 p.m.!  Alexandra is now back in Syracuse finishing her last semester of college and working part time for the Department of Forestry on a weekly KPBS television show.  She plans to move to New York City to pursue her film career after graduating from college.
Stay tuned.

Signature 

 

WineThe Winner of This Month's Drawing Is... 

 

Roxanne Hoffert

Roxanne has won a $50 Cohn restaurant gift card.  Congratulations!

 

The next drawing will be in a few weeks......

 

 

News & Views  

 

The California Association of Realtors says month-over-month prices actually rose here in San Diego by 1.6 percent to $490,130, up 21.1 percent from September 2012. Interestingly, the average time for a house to sell fell to 25 days, down from 40 days a year ago.

*****

A timely survey from Realtor.com finds 62 percent of people might consider buying a haunted house. Amazingly, 35 percent of those surveyed think they have already lived in a house occupied by spirits. But not all the people surveyed were crazy. About 75 percent said if they saw levitating objects in a house they would think twice about buying it, and 63 percent said actually seeing a ghost would scare them away.
*****

According to a new report from Zillow, San Diego ranks No. 12 on a list of the 20 best cities across the country for trick-or-treaters on Halloween. The survey is based on the cities providing the most candy, with the least risks for walking and safety. Topping the list is San Francisco, followed by Boston, Honolulu, San Jose and Seattle. San Diego just edges out Pittsburgh on the list. Zillow will release a list of the actual best streets to hit on Halloween later this week.

*****

Veros Real Estate Solutions lists San Diego as the second strongest market in the country for projected home price appreciation over the next 12 months. The report puts San Francisco at the top with values expected to increase 15 percent. San Diego home prices are projected to increase by 10.8 percent. Rounding out the top five markets are San Jose/Santa Clara, Los Angeles and Phoenix. "Housing supply is a key discriminator between our top and bottom forecast performing markets. Where the housing supply is very low, as it is in our top markets, prices are expected to increase significantly," said Veros VP Eric Fox.
*****

Another report might explain why demand for housing is so strong here. Trulia says San Diego ranks No. 5 on the list of cities where rents are rising the fastest. Nationwide, rents have increased over the past 12 months by 3.0 percent. However, here in San Diego, rents have increased by 6.7 percent. As mortgage interest rates continue to decline, the cost of owning will decline while the price tag for renting will continue to rise.

 

 

Better School, Better Payout  


Any good parent wants their child to attend the best school possible, but when it comes to finding a home in a top school district, how much more are buyers willing to pay? A recent study performed by Redfin suggests that many parents are willing to shell out even more than you might think. If you're trying to sell a home and want to get the most for it, you might want to consider "selling" the school first.

 

Schools have always played an important role in the buying and selling of real estate. More recently though, premiums for homes served by top-ranked schools have been going up, indicating that buyers place remarkable importance on the quality of schools when buying a house.

 

Redfin reported that on average, buyers will pay about $50 more per square foot for properties served by top-ranked schools than those served by average schools. Even within the same neighborhood, buyers are willing to pay much more for a home served by a top-ranked school than for a similar home served by an average school. Nearly identical homes - only a short distance apart - have been found to sell for significantly different prices, some for as much as $130,000 more.

 

This comes as no surprise though, considering the numbers which realtor.com recently released from a survey examining how school attendance boundaries influenced buyers in choosing a new home. The report stated that almost 60% of buyers are willing to go over their budget to live by the right school, and 9% of them are willing to go over budget by 11 to 20 percent.

 

Not accounting for home size, California has seen some of the highest premiums for top-ranked schools. San Jose, San Francisco, Los Angeles, Ventura, and San Diego have seen the highest price premiums in the nation respectively. Some buyers have been reported paying premiums of over $200,000 or more in these areas, for schools which score only slightly higher than others in the same district.

 

 

Video of the Month

 

This Is HalloweenThis is Halloween

Someone spent a lot of time and money to convert their home to a Halloween light spectacle!  Enjoy the music of Tim Burton's Nightmare Before Christmas.

 

 

As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.

Signature 

 

 

Acedemic Earth 

 

Jennifer Ross

 

Experience Counts!
Over 25 years in
Real Estate sales
Serving all of San Diego

 

Office: 800.913.7677
Direct: 619.985.7340
JennRossRealtor@gmail.com

 

 

 

 

Current Mortage Rates

 (BankRate.com weekly avg)

 30 yr fixed: 4.27%

15 yr fixed: 3.37%

 

 

 

Join My Mailing List

Subscribe Button